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Ryman Hospitality Properties, Inc. Reports First Quarter 2021 Results
Ryman Hospitality Properties | May 14, 2021
NASHVILLE, Tenn. - May 14, 2021 - Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights and Recent Developments: Through the end of first quarter 2021, rebooked 1.6 million room nights, or approximately 60% of total room nights cancelled as a result of COVID-19 Average monthly cash burn for the first quarter of 2021 was approximately $17.9 million, better than the expected range of $23-26 millio...
Sunstone Hotel Investors Reports First Quarter 2021 Results
Sunstone Hotel Investors, Inc. | May 14, 2021
IRVINE, CA – May 14, 2021 – Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the first quarter ended March 31, 2021. First Quarter 2021 Operational Results (as compared to First Quarter 2020): Resumption of Hotel Operations: 15 of the Company’s 17 hotels were in operation for the entirety of the first quarter 2021. Net Loss: Net loss was $55.3 million as compared to $162.5 million. 17 Hotel Portfolio RevPAR: 17 Hotel Portfolio RevPAR decreased 69.5% to $42.19. Adjusted EBITDAre: Adjusted ...
Summit Hotel Properties Reports First Quarter 2021 Results
Summit Hotel Properties | May 14, 2021
AUSTIN, Texas - May 14, 2021 - Summit Hotel Properties, Inc., has announced results for the first quarter ended March 31, 2021. "Hotel demand, particularly leisure demand, improved significantly during the latter part of the first quarter driving March RevPAR to a new high of more than $65 since the onset of the pandemic, which exceeded February's previous high by nearly 30%," said Jonathan P. Stanner, the Company's President and Chief Executive Officer. "We also completed the contribution of six hotels to our existing joint venture with GIC for $172 million subsequent to quarter end which generated net proceeds of $83 million. The trans...
Marriott International Reports First Quarter 2021 Results
Marriott International | May 14, 2021
BETHESDA, MD — May 14, 2021 — Marriott International, Inc. (NASDAQ: MAR) today reported first quarter 2021 results, which were materially impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19). Tony Capuano, Chief Executive Officer, said, “We were pleased to see demand improve meaningfully during the first quarter. We are welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe. While recovery trajectories vary from region to region, the resiliency of demand has been most keenly demonstrated in mainland China, where occupancy is near the pre-pandemic level. Occupan...
California Hotel and Lodging Association: State Hospitality to Receive Much-Needed $95 Million
the California Hotel and Lodging Association | May 14, 2021
SACRAMENTO, Calif. - May 14, 2021 - On behalf of California’s more than 6,000 hotels and 235,000 hotel employees, the California Hotel and Lodging Association released this statement in response to Gov. Newsom’s proposed $95 million for marketing to revive California’s travel and tourism industry: “California’s hotels and our employees are so ready to be fully reopened and re-welcome guests from near and far,” said Lynn S. Mohrfeld, President and CEO of CHLA. “We are grateful for Gov. Newsom’s extraordinary support that will provide much-needed funds to let the world know that California hotels are safe, healthy and open....
DiamondRock Hospitality Company Brings Margaritaville Beach House to Key West, Florida
DiamondRock Hospitality Company | May 14, 2021
BETHESDA, Md. - May 14, 2021 - DiamondRock Hospitality Company and Margaritaville Holdings announced Margaritaville Beach House Key West will open in the fall of 2021. Located on the largest beach in Key West, Margaritaville Beach House Key West will welcome guests in the fall of 2021 after a $3 million investment to bring the Margaritaville state of mind to life throughout the recently renovated resort. Enhancements will include amenities and design aesthetics to drive incremental revenue and a fun, relaxing guest experience. The resort will feature signature Margaritaville food and beverage concepts, an expanded retail outlet, and f...
Hector Rodriguez Ladevèze Appointed as General Manager for The Santa Maria, a Luxury Collection Hotel & Golf Resort in Panama City, Panama
The Santa Maria Hotel & Golf Resort | May 14, 2021
PANAMA CITY, Panama – May 14, 2021 – The Santa Maria, a Luxury Collection Hotel & Golf Resort, is proud to announce the appointment of Hector J. Rodriguez Ladevèze as General Manager. A seasoned industry veteran, Hector will lead the 182-room luxury hotel that caters to business and luxury leisure travelers. “Hector has an exceptional understanding of the international luxury travel market having worked with global brands in both urban and resort destination settings. We look forward to seeing his vision for the Santa Maria come to fruition throughout 2021 and in the years to come,” said Glenn Simon, Chief Operating Office...
Florida’s 137-room Courtyard by Marriott Jacksonville Butler Boulevard Completes a Multi-Million Dollar Renovation
Crestline Hotels & Resorts, LLC | May 14, 2021
JACKSONVILLE, FL – May 14, 2021 – The 137 guestroom Courtyard by Marriott Jacksonville Butler Boulevard is revealing a fresh look following a $5 million renovation that welcomes guests with a new contemporary exterior design featuring warm wood cladding, designer lighting and residential-style landscaping. Inside, all guestrooms, public spaces, meeting facilities, and guest amenities including the fitness center, outdoor pool area and The Bistro, have been refreshed and completely updated. Jacksonville’s Center State Bank provided the renovation financing. The hotel is conveniently located in Jacksonville’s Southside business ...
Element by Westin® Opens the 460-room Element Philadelphia in Pennsylvania
Element Hotels | May 14, 2021
Philadelphia, PA – May 14, 2021 – Element Hotels - part of Marriott Bonvoy’s extraordinary portfolio of 30 leading brands and designed for today’s healthy, active traveler - announce today the opening of Element Philadelphia, marking the brand’s debut in the city. Developed by Conshohoken-based Chestlen Development, the hotel will be the newest addition to Philadelphia’s reemerging hospitality scene, with travelers planning an average of 2.7 trips this year, according to a recent Visit Philadelphia report. Designed with a focus on sustainability and well-being, Element is ideal for families, groups and business travelers who wan...
The Emerging Market for Health and Wellness Tourism
The Authors | May 14, 2021
By Gregg Rockett and Samantha Amus Part I: Background and a Focus on the Asia Pacific Region Contributing to the research were students of The George Washington University – School of Business: Arianna Fisher, Yuting Ni and Jiahui Lin. The authors acknowledge contributions from Mia Kyricos, an industry thought leader on health and wellness tourism. Background This is a two part-article addressing the health and wellness tourism eco-system, comprising a focus on three regions where this travel submarket is growing: Asia-Pacific, Latin America and the Caribbean and Africa. The research was undertaken by graduate students of th...
Harris Poll: 77% of Americans Planning Summer Travel
May 14, 2021
WASHINGTON — May 14, 2021 — More than three-quarters of Americans (77%) plan to take a trip this summer, according to the results of a Harris Poll survey requested by the Let’s Go There coalition of 75 travel companies and organizations. The strong number represents a stark one-year turnaround: a similar Harris Poll conducted in June 2020 found that just 29% of Americans planned summer leisure travel amid the grip of the COVID pandemic. The latest poll’s sample reflects the sentiments of all Americans. The poll also found: Two-thirds of Americans have a summer trip either already planned out (36%) or booked (30%). Of ...
Choice Hotels International Reports 2021 First Quarter Results
Choice Hotels International, Inc. | May 13, 2021
ROCKVILLE, Md. - May 13, 2021 - Choice Hotels International, Inc., one of the world's largest lodging franchisors, today reported its results for the three months ended March 31, 2021. "The strategic decisions we have made in recent years and our targeted actions amid the pandemic to support our franchisees drove impressive first quarter results that position the company to further capitalize on growth opportunities in 2021 and beyond," said Patrick Pacious, president and chief executive officer, Choice Hotels. "Our results are a testament to the success of our long-term growth strategy to invest in brands built for the customer of tomor...
Wynn Resorts, Limited Reports First Quarter 2021 Results
May 13, 2021
LAS VEGAS - May 13, 2021 - Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the quarter ended March 31, 2021. Operating revenues were $725.8 million for the first quarter of 2021, a decrease of 23.9%, or $227.9 million, from $953.7 million for the first quarter of 2020. Net loss attributable to Wynn Resorts, Limited was $281.0 million, or $2.53 per diluted share, for the first quarter of 2021, compared to net loss attributable to Wynn Resorts, Limited of $402.0 million, or $3.77 per diluted share, in the first quarter of 2020. Adjusted Property EBITDA (1) at our integrated resort properties increase...
New Leadership Team Named for AC Hotel Dallas by the Galleria in Texas
AC Hotels | May 13, 2021
DALLAS, Texas – AC Hotel Dallas by the Galleria is a chic, cosmopolitan destination waiting to greet guests with signature spaces, thoughtful amenities, and refined bites. The central location presents visitors with an opportunity to enjoy Dallas’ best dining, shopping, and sightseeing within minutes from the property. Alongside convenience & accessibility, the hotel offers a curated experience ranging from the signature hotel scent to vast lounge seating, entertainment centers, and specialized programming & events. Visitors can also take advantage of the convenient onsite perks, including dining options, fitness center, fle...
Jackson Hole, Wyoming’s Snake River Sporting Club Breaks Ground on 30-room Elk Run Lodge
Snake River Sporting Club | May 13, 2021
JACKSON HOLE, WYO. – May 13, 2021 – Snake River Sporting Club, a luxury resort and residential community celebrating the history of the Old West and spanning 1,000 acres of pristine Wyoming wilderness, announces a series of ongoing enhancements to the existing facilities and amenities. Continuing the resort’s commitment to providing a best-in-class experience for guests and owners, Snake River Sporting Club embarks on several renovations and additions to the property, debuting this summer and continuing throughout 2021 and the years ahead. Snake River Sporting Club is designed around the natural beauty of the surrounding land ...
The Hotel Industry Has a Labor Problem. Here’s How to Solve It.
HotStats | May 13, 2021
If you hadn’t heard, hotels are facing a labor crisis. After major furloughs and layoffs last year due to the pandemic, properties now need to staff up to be prepared for the return of business. But they are facing a drought of workers, which some call the worst recruiting climate in the industry’s history. Making conditions even more challenging is the fact that the dearth of prospective employees could be attributed to several factors, and it’s unclear which ones are the biggest obstacles. These include immigration issues, specifically over H-2B visas, which, in the U.S., the Biden Administration is addressing, unemployment insura...
Commonwealth Hotels Hires Nicole Estep as Dual Director of Sales of the Residence Inn and Courtyard Cincinnati Airport in Ohio
Commonwealth Hotels, LLC | May 13, 2021
COVINGTON, Ky. - May 13, 2021 - Commonwealth Hotels is pleased to announce the hiring of Nicole Estep as the new Dual Director of Sales of the Residence Inn and Courtyard Cincinnati Airport. Estep comes to the Cincinnati market after spending the vast majority of her career leading hotel sales efforts outside of Detroit. "I knew Nicole was a perfect fit for the Commonwealth culture as soon as I met her," Jennifer Schneider, Vice President of Sales, Marketing & Revenue Management at Commonwealth Hotels, said. "She exudes passion for her guests and co-workers in every facet – we're lucky to have her joining our team." Es...
Development Launched for the 133-Key Rosewood Mexico City with Plans for 2024 Opening in Mexico
Rosewood Hotels & Resorts | May 13, 2021
HONG KONG - May 13, 2021 - Expanding its strong footprint in Mexico, Rosewood Hotels & Resorts® has been appointed by premier real estate development firm Grupo Sordo Madaleno to operate Rosewood Mexico City, a new hotel expected to open in 2024 in the flourishing Polanco district. Positioned in the heart of the vibrant capital, Rosewood Mexico City is conveniently located within walking distance of renowned luxury shopping district, Avenida Presidente Masaryk as well as esteemed cultural institutions including Museo Soumaya and Museo Jumex. Rosewood Mexico City will join the global brand's iconic collection of properties across Mex...
STR: U.S. Hotel Results for Week Ending 8 May
STR | May 13, 2021
HENDERSONVILLE, Tennessee — May 13, 2021 — Due to more supply in the marketplace, U.S. hotel occupancy fell slightly from the previous week, according to STR‘s latest data through 8 May. 2-8 May 2021: Occupancy: 56.7% Average daily rate (ADR): US$110.19 Revenue per available room (RevPAR): US$62.50 Demand was up week over week, but an increase in supply from both reopenings and new properties pulled national occupancy down. Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online. Among the Top 25 Markets, Miami (72.0%) and Tam...
Robert Sulatycky Appointed as Executive Chef for Rosewood Sand Hill in Menlo Park, California
Rosewood Sand Hill | May 13, 2021
Robert Sulatycky has been appointed Executive Chef at Rosewood Sand Hill, the luxury five-star hotel set in Menlo Park, California. In his new role, Sulatycky will oversee all F&B outlets at Rosewood Sand Hill, providing strategic direction to the property’s culinary team and its three dining establishments, including Madera, the hotel’s famed Michelin-starred restaurant, The Library & Bar and the seasonal Pool Garden Terrace. Sulatycky’s addition to the team comes at an exciting time as Rosewood Sand Hill prepares to introduce a collection of new culinary programs and partnerships to its guests. With over thirty years of e...
W. Courtney Lowe Named as President of the Woodstock Inn & Resort in Woodstock, Vermont
the Woodstock Inn & Resort | May 13, 2021
WOODSTOCK, VT – May 13, 2021 – John T. Hallowell, managing director of the Woodstock Inn & Resort and vice chair of the Woodstock Resort Corporation, announced the promotion of W. Courtney Lowe to president of the Woodstock Inn & Resort, effective July 1, 2021. Lowe, who joined the resort in 2010 as director of sales and marketing, was named vice president of Marketing and Business Development in 2018. He will oversee all resort operations in his new position. “I’ve had the privilege of working closely with Courtney over the past three years. He’s an outstanding leader who has contributed significantly to the resort’s ...
Knowland Announces Rob Landon as Vice President Engineering
KNOWLAND | May 13, 2021
Hospitality industry veteran joins leader in meeting and events intelligence ARLINGTON, Va. — May 13, 2021 —Knowland, the leader in AI-powered group business data for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today the selection of Rob Landon as its vice president of engineering. Over the last 25 years, Landon has developed a reputation for excellence in engineering and results-centric product development, leading high-performance teams in both startups and large enterprises. Prior to Knowland, Landon was VP of engineering at Cendyn (formerly The Rainmaker Group,) where he focused o...
Relay and the American Hotel & Lodging Foundation Launch Relay It Forward Giveback Program
Relay | May 13, 2021
In exchange for every Relay purchase by a hotel, the voice-first communications software company for frontline workers will sponsor a hotel employee’s training and development in a national partnership with the AHLA Foundation’s Empowering Youth Program Raleigh, North Carolina — May 13, 2021 — Relay, the communications disrupter known for displacing traditional radios, today announced Relay It Forward, a national giveback partnership with the American Hotel & Lodging (AHLA) Foundation. Under the program, for every purchase of Relay push-to-talk devices by a hotel, the software company will sponsor a hotel emp...
Global Hotel Occupancy Reaches Two-Thirds of Pre-Pandemic Levels in April 2021, and Hoteliers Optimistic for the Future According to New Amadeus Resea
Amadeus | May 13, 2021
Since the start of the pandemic, hoteliers have had to rethink many aspects of their business to accommodate new safety procedures, cater to changing guest needs and survive in an extremely complex operating environment. New research from Amadeus reveals how the hospitality industry worldwide has adapted, as well as the trends hoteliers think are likely to stay as the industry rebuilds. Amadeus’ Demand360® business intelligence data shows that hotel occupancy levels are now on an upward trajectory. Worldwide occupancy reached 46% in April 2021, up from the low point of just 13% in April 2020. This means that global hospitality occupancy...
